The cryptocurrency market is currently stable, with Bitcoin at $109,000 and Ethereum at $2,600. However, some altcoins show potential for growth due to active metrics and new catalysts.
Chainlink (LINK)
The exchange outflow volume for Chainlink surged by 281.9% over the past 30 days, indicating significant accumulation by large holders. In the LINKUSD charts, pressure against the upper Bollinger Band suggests a breakout opportunity. Currently, the token is breaking through the 20 and 50 EMA, testing the 100-day moving average at $14.35. A breakout above $14.40 could lead to higher levels around $15.10–$15.50.
Arbitrum (ARB)
Arbitrum is gaining traction after Robinhood Europe integrated tokenized stocks and ETFs. Daily active users on ARB have increased by approximately 25%. The total value locked in Arbitrum has bounced back above $2.75B, indicating increased user and developer activity. From a technical perspective, ARB is coiling under resistance at $0.385–$0.390, a breakout above could lead to $0.44–$0.47.
Pepecoin (PEPE)
Pepecoin is showing signs of life again, with indications of accumulation from large holders and decreasing exchange supply. Technical indicators suggest a potential increase if the price surpasses the $0.0000108 level. Support is placed around $0.0000090.
Despite the current stability in the market, altcoins like Chainlink, Arbitrum, and Pepecoin exhibit potential growth due to their fundamental metrics and blockchain activity. Their behavior should be closely monitored in the changing market.
